The housing market in the United States is slowing down, with home values falling month on month for the first time in almost four years, according to the latest index data.
Prices fell 0.1% in July compared to the previous month and year on year growth was 3%, down from 3.4% in June, the Zillow real estate market report shows.
The report says that nationally home value appreciation is levelling off after its rapid pace in the early years of the recovery. Of the 517 metros covered by the Zillow index, 204 saw a slowdown, including major metros like Washington, DC and Cincinnati.
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